Saturday, June 25, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Economy & Trade

Bigger tax worsens illicit cigarette trade

Julito G. RadabyJulito G. Rada
February 5, 2019, 7:25 pm
in Economy & Trade
Reading Time: 1 min read
A A
72
SHARES
Share on FacebookShare on TwitterShare on Email

Significant increases in tobacco excise tax will exacerbate illicit cigarette trade, the Philippine Tobacco Institute told senators Monday.

PTI representative Carmen Herce, in a hearing of the Senate committee on ways and means chaired by Senator Sonny Angara, cited the recent report by the Intellectual Property Office of the Philippines that cigarettes accounted for the bulk of the pirated and counterfeit goods seized in 2018 with a total value of P20.250 billion.

IPOPHL said in a statement the inter-agency National Committee on Intellectual Property Rights, where it serves as vice chair, seized a total of P23.6 billion worth of fake goods in 2018, higher than the 2017 level of P8.2 billion.

Herce said high tax increases had not only caused the tobacco industry to contract but also enabled illicit trade of tobacco products to flourish.

She said legal cigarette volume went down by 43 percent from 127 billion in 2012 to 73 billion in 2017, driven by the 1,187-percent excise tax increase from 2012 to 2017.

ADVERTISEMENT
Tags: cigarette tradePhilippine Tobacco Institutetobacco excise tax
ADVERTISEMENT
Julito G. Rada

Julito G. Rada

Related Posts

DTI reasserts duty in setting price caps

byOthel V. Campos
June 24, 2022, 9:10 pm
0
142
Exporters urged to tap plant-based meat mart

The Department of Trade and Industry upheld the validity of its function to monitor and set price ceiling on important...

Read more

Japan inflation stays at seven-year high in May

byAFP
June 24, 2022, 9:15 am
0
166
Japan inflation stays at seven-year high in May

Japan's core consumer prices jumped 2.1 percent again in May, the second consecutive monthly jump of a level not seen...

Read more

Budget deficit declined 26% in May on lower spending

byJulito G. Rada
June 23, 2022, 8:50 pm
0
155
Gov’t debt reached P11.97t in October

The government incurred a budget deficit of P146.8 billion in May, down 26.72 percent from P200.3 billion a year ago...

Read more

PH withdraws from EITI, cites ‘biased’ allegations

byJulito G. Rada
June 22, 2022, 8:30 pm
0
219
PH withdraws from EITI, cites ‘biased’ allegations

The Philippines said Wednesday it withdrew its membership from the Extractive Industries Transparency Initiative on the international organization’s alleged questionable...

Read more

DTI cites Salceda’s role in CREATE law

byManila Standard
June 22, 2022, 7:55 pm
0
184
DTI wants repeal of PSA provisions

Trade Secretary Ramon Lopez cited the legislative contributions of Albay Rep. Joey Sarte Salceda, chair of the House ways and...

Read more

Flour millers seek lower tariff on inputs

byOthel V. Campos
June 21, 2022, 6:20 pm
0
168
Flour millers defend DA against Brazil’s threat to file WTO case

Flour millers asked the government to reduce tariffs on imported ingredients for bread production to help stabilize the price of...

Read more

Stories you may like

  • Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    36719 shares
    Share 14688 Tweet 9180
  • Of course, it was BBM’s project

    30868 shares
    Share 12347 Tweet 7717
  • INC endorses BBM, Sara

    28803 shares
    Share 11521 Tweet 7201
  • Duterte’s seven biggest achievements

    21851 shares
    Share 8740 Tweet 5463
  • Marcos leads SWS survey on presidentiables at 50%

    13582 shares
    Share 5433 Tweet 3396

Print Edition

View More

Recent Posts

  • Homonym leads Home Credit brand refresh with Sonic strategy
  • Palafox taps QLO to provide salary loans for employees
  • Bataan-Cavite bridge seen to boost real estate projects
  • A male version of Sushmita Sen
  • Meet ‘Tomorrow’ star Ro Woon in the flesh 
  • 7 tips to overcome heartbreak according to ‘How to Move On in 30 Days’
  • Parokya Ni Edgar’s ‘Your Song’ surpasses 100 million streams on Spotify
  • Do LGBTQ Animals Get Discriminated Too?

Advertisement

Latest News

7 tips to overcome heartbreak according to ‘How to Move On in 30 Days’

byManila Standard Showbiz
June 25, 2022, 6:30 pm
0
130
Parokya Ni Edgar’s ‘Your Song’ surpasses 100 million streams on Spotify

Viewers are gushing over Maris Racal and Carlo Aquino’s ‘hugot’ and ‘kilig’-filled love story as the series How to Move...

Read more

Parokya Ni Edgar’s ‘Your Song’ surpasses 100 million streams on Spotify

byManila Standard Showbiz
June 25, 2022, 6:20 pm
0
132
Parokya Ni Edgar’s ‘Your Song’ surpasses 100 million streams on Spotify

It seems a lot of listeners find themselves coming back to Parokya Ni Edgar’s gem of a track “Your Song”...

Read more

Do LGBTQ Animals Get Discriminated Too?

byMariana Burgos
June 25, 2022, 6:10 pm
0
129
Help! My Cat has Bad Breath

By Mariana Burgos When I was a kid, we had a male cat who refused to have a female companion....

Read more

Help! My Cat has Bad Breath

byRowena David
June 25, 2022, 6:00 pm
0
133
Help! My Cat has Bad Breath

By Rowena David Have you ever experienced cuddling with your cat then your cat opens his mouth to yawn and...

Read more

Sneakers for Makati : AB4.0

byManila Standard
June 25, 2022, 2:00 am
0
969
Sneakers for Makati : AB4.0

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App